Small and Micro Businesses share £1.38m Manufacturing Innovation Funding
Nearly 60 small and micro businesses are to share grant funding totalling £1.38 million from the Technology Strategy Board to carry out feasibility studies that may lead to innovations in a range of manufacturing competences.
The funding awards follow the conclusion of the 'Innovation in Manufacturing Competences' competition for feasibility funding, which sought proposals for short-term feasibility studies across the whole manufacturing lifecycle, from design and engineering through to process development, manufacture, service delivery and re-manufacture/re-use, including innovation in supply/distribution chains, risk management and business models.
The grant funding awards average £24,000 per company.
For more infomation on funding from the Technology Strategy Board please go to:
http://www.innovateuk.org/
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